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Speaker 1: We finally learned how much it's cost the country to

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Speaker 1: break the ferry contract with Hyunda over in South Korea.

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Speaker 1: It's one hundred and forty four million dollars just in

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Speaker 1: the break feed. That is on top of the deposit

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Speaker 1: we've already paid. It's also on top of the cost

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Speaker 1: of starting the port infrastructure building and then winding it

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Speaker 1: down again. Canceled project in total has cost tax payers

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Speaker 1: six hundred and seventy one million dollars. Winston Peters is

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Speaker 1: the Minister for Rellum with us.

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Speaker 2: Hey, Winston, well, good morning on good afternoon or good evening,

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Speaker 2: because those facts you just gave substantially incorrect.

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Speaker 1: Oh well, please correct.

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Speaker 2: Well, I'm correcting you because there's one forty four million.

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Speaker 2: There were other costs that were already paid. There were

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Speaker 2: costs that were paid that were to do with associated projects.

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Speaker 2: Many of those utilities we were able to save. And

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Speaker 2: so it is massively less than the three hundred million

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Speaker 2: that are in z reported there I say it or

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Speaker 2: typically so and the layer place it was going to

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Speaker 2: be one point one six billion, yea.

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Speaker 1: Make sure that we've got the facts here, right, Winston.

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Speaker 2: So we've got you. I think the facts you was

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Speaker 2: on the minusutl.

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Speaker 1: You did the facts and then you started to do

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Speaker 1: the other stuff. So, first of all, one hundred and

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Speaker 1: forty four.

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Speaker 2: Million dollars to the facts one hundred Humor said of

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Speaker 2: the fact that I'm breaking you one hundred.

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Speaker 1: And forty four million dollars in the break fee plus

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Speaker 1: the deposit takes the total spin to the shipyard to

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Speaker 1: two hundred and twenty two million dollars plus. Then you've

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Speaker 1: got the four hundred and forty nine million dollars on

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Speaker 1: land side infrastructure, project management and wind down costs. Correct.

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Speaker 2: No, not correct, because some of those projects we have saved.

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Speaker 2: For example, the departure that the building in Maboro is

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Speaker 2: going to be saved. We're not going to pull it

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Speaker 2: down like the project at forecast. So they were going

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Speaker 2: to build a short term departure lounge and pull it down.

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Speaker 2: We decided to save it. There are counters other parts

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Speaker 2: like that which dissect out to be savings not expenditure

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Speaker 2: in the way that the layer part is so massively

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Speaker 2: misreder So.

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Speaker 1: What is the total then, If it's not six hundred

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Speaker 1: and seventy one million, well.

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Speaker 2: It's one hundred and forty four million if you take

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Speaker 2: the seventy eight that's already paid out. So it was.

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Speaker 2: It was originally provisioned to cost us three hundred million,

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Speaker 2: and we've come and way, way, way shorter than that

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Speaker 2: and saved a lot of them.

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Speaker 1: Three hundred million dollars is what we were going to spend,

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Speaker 1: and we spend one hundred and forty four million dollars.

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Speaker 1: But we still spend one hundred and forty four million

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Speaker 1: dollars in a break fear, which gets us nothing. So

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Speaker 1: we've spent two hundred and twenty two million dollars with Hyunda,

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Speaker 1: And what have we got for it, Winston?

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Speaker 2: What we've got here?

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Speaker 1: Nothing?

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Speaker 2: No, no, no, no, no, I can see why you guys

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Speaker 2: are in trouble. What we're what they've got from? What

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Speaker 2: is this? They were told to go out, just go

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Speaker 2: very slowly with you when I was the minister. They

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Speaker 2: were told to go and go and buy two fairies

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Speaker 2: for four hundred and one million dollars. I come back

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Speaker 2: to find that they've massively blown that out and brought

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Speaker 2: the message. We all know the sta've got that point,

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Speaker 2: you've got they don't know the story. They went out

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Speaker 2: and brought two much bigger faeries, which would require them

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Speaker 2: to change the whole infrastructu which was in a blow,

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Speaker 2: as the Treasury said the costs out over four billion dollars,

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Speaker 2: a bit like what happened in Tasmania right a year

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Speaker 2: right now. But they've got the faeries and they've got

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Speaker 2: no infrastruture because they can't fit fit them. So what

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Speaker 2: they do with the fairies the same predicament we'd have had,

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Speaker 2: but only we got their ferd.

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Speaker 1: I knew that story. That was boring. I already knew

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Speaker 1: all of that. I just what I'm trying to point

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Speaker 1: out is that you have spent two hundred because people

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Speaker 1: canceled it. We've spent two hundred and twenty two million

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Speaker 1: dollars and we ain't got anything.

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Speaker 2: Anyway, you should be you should be saying. You should

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Speaker 2: be out there saying Whenston, thank Heavens, your Scottish nature

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Speaker 2: came through and you've saved up billions of dollars. And

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Speaker 2: I have, and very shortly I'll prove it to you.

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Speaker 1: Okay, Hey, listen, have you agreed to let you agreed

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Speaker 1: between yourselves a national that we're going to let the

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Speaker 1: foreign buyers in and it's going to cabinet in a

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Speaker 1: matter of weeks.

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Speaker 2: No, we haven't changed. We're not changing our foreign biers policy.

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Speaker 1: Well, well, Nichola Willis has told Bloomberg that in a

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Speaker 1: matter of weeks you're going to cabinet and you're going

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Speaker 1: to let the people buy the houses.

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Speaker 2: Now she didn't say that. Oh, she was talking about

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Speaker 2: a new approach to serious foreign investors.

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Speaker 1: Yes, who will be able to buy houses?

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Speaker 2: No? No, no, See what National Party campaigned on you

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Speaker 2: remember twenty twenty three. They campaigned on a policy which,

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Speaker 2: when fiscally costed out by guess who yours truly and

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Speaker 2: later economists blew out massively and we opposed it. But

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Speaker 2: we said, if you're coming in here to spend billions

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Speaker 2: and tens of billions of dollars to invest in this

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Speaker 2: country and you want to buy a house, you're not

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Speaker 2: a foreign buyer, you're a foreign investor, and we've going

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Speaker 2: to look at you, at you with new eyes. But

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Speaker 2: details of WACH are coming out shortly. Okay, brilliant than

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Speaker 2: I've had a chance to have fancier listeners. The truth

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Speaker 2: of this matter, Jase.

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Speaker 1: Honestly, it's tiring. I Winston, thank you, Winston Peters, Minister

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Speaker 1: of Rail and Leader of New Zealand First. For more

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Speaker 1: from Hither Duplessy Allen Drive, listen live to news talks

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